Wall Street finished directionless on Friday, with profit-taking slightly predominant: the S&P500 and Nasdaq Composite fell by -0.16% to over 5,464 and -0.18% to 17,689 respectively, with the Dow Jones picking up +0.04% to 39,150 (but gaining +1.5% on a weekly basis, outperforming the 'S&P' and by a wide margin the Nasdaq).

Investors continued to take profits on the major technology stocks, following their upward movement in recent weeks, which led them to set new all-time highs.

Among the US tech heavyweights, AI chipmaker Nvidia suffered the most severe profit-taking (-3.2% after -3% already lost the previous day). However, the decline of the tech giants can be seen as a normal technical pullback, as part of the ongoing rotation of asset portfolios.

Economic indicators do not seem to have had any noticeable impact. Growth in the US private sector accelerated very slightly in June, according to the S&P Global composite PMI, which came in at 54.6 in flash estimates, compared with 54.5 in May.

The index of leading indicators, which is supposed to foreshadow the evolution of economic activity in the US, fell by 0.5% last month, to 101.2, after declining by 0.6% in April, when economists were forecasting a more limited downturn.

Finally, existing home sales in the US fell by 0.7% in May to a seasonally adjusted annual rate of 4.11 million, according to statistics published by the Federation of Realtors.

US bond yields stabilized after the previous day's sharp deterioration... and the deluge of US figures seemed to have frozen initiatives. The yield on 10-year Treasuries deteriorated marginally by +1.5 basis points to 4.265%, with the '2-year' remaining equally immobile at 4.740%.

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